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HomeMy WebLinkAbout0622 3. To p'ace and cont~nuousiy keep on ~he bui!d~ngs now or he~eafter s~tuate on sa~d land and on a11 equipme~? and pe~sonally covered by this ma a9e, w:th all prem.:~ms ~hercon pa~d in iull, lire insurance in the uwal standa~d po~;cy fo~m, in a sum appioved by Ihe MOR~GAGEf, aQd w~ndsto :nsurance in the usual s~andard pol,cy form, in a sum app~oved by Ihe MORTGAGEE, in such tompany or CO~r.panieS as the A10RTGAGEE m d~rett; and all (ire and w~ndatorm insurance polities on any of said build~ngs, any intcrest the~ein or pa~t the~eof, in the agg~ega~e sum afo~esaid ~n excess ~he~eof, shall contain the usual srandard mongagee dause or such o~her clause as the I.lorrgagea may requ~re, making the loss unde~ sa~d po c~es, each and every, payable to said hlORiGAGEE as ns inte~est may appear, and each and every such poticy shaU be p~ompNy ass gned and de~~vered ~ an~ he!d by sa~d h10RIGAGtE as (urther security to said ~nortgage deb~, and, not less than ten (l0I days in advan~e of ~he expiration of each pollcy, to d~ L:er to sa~d t,10RiGAGEE a renewal thereof, to~ether weth a receipt for the premium ot such renewal; and ~here shall be no f~re or windsto~m insuranc p~xed on a~y of :a:d build~~gs, any inte~es? there~n or part therrof, un!ess in the form and with the loss payable as aforesaid; and in the event any sun of money beca~~es payable under suth polity or poGcies said MORTGAGEf shal) have rhe option to ~eca;ve and apply the same on account of the indebred ncii iccurcd hereby Or to perm~t said MORTGAGORS ro reteive and us! it pr any part 1he:eOf for c:ncr pur~,pses, v<ith~Jt th~noi ~v.:ivi-ig Cr ~~npair ~ng any equ~ty, I.en or right under or by virtue of this moc'gage; and in ~he eveN sa~d MORTGAGORS shall for any reason fail to keep the said p~emises so ,~~w~ad, or fail ~o daGver promptly any of said pol;ties ot insurance to said MORTGAGEE, or fai! promptly to pay 1uRy any pre~»ium therefot w in any respect fail to per(orm, discha~ge, execute, eilett, compDete, comply with and abide by th;s covena~t, or any part hrreof, said MORTGAGEE may place a~.d f I F.ai for wch insura~te or any part thereof withoW waiving w affecting any option, lien, equity, o~ right under or by virtue of this Mortgage, and tht t~if amoum of each a~d e.ery such payme:vl shall be immediately due and payable and shall bear interest irom the date thereof until Faid at the rata ol ~~~~e per cantum per an~w.n and to~ethe~ w+th such inte:est sha? be srtvred by the lien of this mortgage. d. To permit, commet or suffer no was?e, impairment or detrrioration of said property or any par! thereof. 5. To pay att and singutar the costs, charges and expenses. +ncluding a~easonable attorney's fee and costs of abstracts of title, incu?red o~ paid at t~ir.e by sa~d MORTGAGfE, because w in the event of the failure on the pari of the said MORTGAGOR to duly, prompNy and fully per(wm, d~scharge, ~ ,.~cute, effect, complete, canply w~th and ab:de by each and every the st~pulat~ons, agreementa, conditions, and covenants of said promisso?y note and ~hi~ ~:orrgage any or e~~her, ar~d sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whe~her w nof there be notice d~ ~,,and, attempt to cai¢~t or wit pend:ng; and the full amount of each and every such payment shal~ bear interest from the dafe thereoi untii paid at the r~ o~ n~ne per centu•n per e~u~u:,i; and ali said cosrs, charges and expe~~ses incur~ed or paid, together w~th such interest, shall be secured by the lien o( thi~ ~~,ertgage. b. That (a) in the event of any breach ot this Matgage or defaulf on tF~ part of the MORTGAGOR, or (b) in the event any of satd syms o( money ~ F:~rein refr~red to be ~3ot promptty and f~lty paid wirhin thirty (30) days next ai~er the same seve~a:ty become due and payable, withou~ demand or no~ite. - cc) in t6r event each and every the st~pufatlons, agreements, conc~it~ons and covenants of sa:d promisso~y note and th~s mortgage any or either are not { i,:y, prompNy and ~uily perfonned, d:scharged, executed, effected, completed, compGed w~th and ab~ded by, then in e~lher or any such event 1he said ag a-~ 3ate s~m m.ent;on~•d in sa;d promissory nore then remaining unpaid, with interest aa•ued, and atl moneys secured hereby, shall become due and pay- ! ,oa torihwith, or ~hereafrer, at the option of sa~d MORiGAGEE, as fully and compleie~y as if a!{ of the said•sums oi money were onginally sGpu:ated be p.::d on such dcy, anything in sa:d pro,n~ssory note or in this Ma~gage to the conuary nohvithstandE~ig; and thereupon or thereafter a1 the option of s~:_f A10RTGAGEE, wrthcut not~ce o~ ~emand, suit at law or in equity, there(qre w thereafier begun, may ~e proaecuted as if all moneys setured hereby e.:d mat~red pr~Or IO ~tS ir.;tituT~On. • _ 7. That in the evei:t that at tAe beginning of or at any timt pending any suit vpon this Mo~tgage, w fa foreclose it, or to reform it, or to enforte ;~;ment of any cia;ms hereunder, said MORTGAGfE shalt apply to the Court havir.g ju~isd;c~~on thereof for the.appo~mmem of a Receiver, svch Court shail ~::thwith a~E:oint a rece~:er of said mortgaged property all and singula~, intiud~ng atl and singu(ar the income, p~of~ts, issues and revenues from whatever , s-_-ce derf.ed, each and every ot wh;ch, it being expressly understood, is hereby mortgaged as Sf spec~fically set forth and desai6ed in the granting a~d `:e:~du:n c!a„zes hereof, and s~ch Receiver shall have all the broad and eifective fun~t~ons and powers in anywise entrusted by a Cou.t to a Receiver, and appo[rvmcn~ shait be made by such Court as an admitted equity and a matrer of abso~vte ?ight to said MORTGAGEE, and without reference to the .~.,,c~ er ~n~deqvacy of the value of the property mortgaged or to the so~vency or inso~vency of sa~d MORTGAGOR a the defendapts~ bnd that svch -~~~s, profits, intome, issues and revenues shall be appiied by such Receiver accord~ng to the lien or eqvity of said MORTGAGEE and the practice of such CJUII. 8. To du•.y, prompt;y and fu!!y perfo~m, distharge, execute, effect, complete, comply with and ab~de by each and eve?y the stipulations, agreements, ~ ~,+dit;ons and covenants m sa~d promissory note and this mortgage set forth. 's i 9. That in ~he event the ownersh~p of the mortgaged premises, or any part tfeereof, becomes vested in a person olher than the MORTGAGOR, the _ RTG<1GEE, ]ts successurs and ass~gns, may, withou~ no~ice to the MORTGAOR, dea! with suc6 successor or wccessw So imerpst with reterence to thia ~~tgage ar,d ~he d,ut hereby secured in the same mannet as with Mortgagor without in any way vitiating or d~scharging the Mortgagars' Gability here- . cier or ~pon th~~ d_bt hereoy secu.ed. No sale of the Frem~ses he~eby mo~tgaged and no forbearance on the part of the 1'dQRTGAGEE or its successo~s _:,ss:gns and no exrens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or iu successws or assigns, s~~all operate e re~eyse, dlcharge, modlfy char.ge or affect the ocig~nal liability of the MORiGAGOR herein, either in whole or in part. , i 10. It is spec~f~wily agreed that time is of the eszence of rhis contracr and that no waive? of any obligat~on hereunder w of the obligation se- • •ed hereoy shalc at any time thereafter be held to be a waiver of the terms hereof or o1 the instrument secured herby_ ~ 11 . In .;;id,re.~ !o the forego nry month!y pay~nents of princ paI and interest requ~red 6y the prom~ssory no!e secvred hereby, mortgagor eovenanfS 3qt~•BS io ;~.~y m mortg.+gce xith eath month[y pay:,;ent an add~rionat sum estimated by mortgagee to be equa! to l, 12 oi the annual cost of 1he follow- A--A~I rtal ;,rop~rtj tax.s ~evie~ or assesz:~d agai•~st th~ above desvibcd « al estate. 6- F-_:: w,~z cn fnt a~~d w~~zdstorm ~nsuracce as nere~n rcqu~red to be carried on the ~mprovements s~tuate on the above described premises. C- Pre~~:,ur s en such mort~~.ge guaranty ins~rance as mortgagee shatl from t:me to time deem fit to carry on the loan secured hereby. ~~ortg,gre s^; ! f~cm nme to rime nor~f~ mortgagor ~n writing of the amount due and payabte hereunder and such surn shail thereupon fie due and !,'r on th~• d~., da~•; of the i~ ~xt month:~ paymern and each successive momh thereafter uctil mcrtgagee shall notify mortgagoi Of s thange in such ,~nt. Such surns sha.i F;e api: ied ~y mortgagee toward the payment of real property taxes, insurance prem:ums, a~~d mott~~~ gv~ranty insurance , ~,..n~ums. ti ~ IT~ \7lTP~ESS :.H,REOF, the said MORTGAGOR has hereunto set hrs hard and seal the day and year first aforesaid:,'; ~ ~gned Sealed and de;ivere ~n t pre~ence of: ~ ~ ; - . _ _ _ ~ . ~,n ass ' R.ninh_ L. San r.d - rs,.an ~ ~ - . • (Sea~ ~ Witness ` _ R th A. Sanford e ~"~,TE OF ~ Missouri ~ f `JU'JTY OF ,s~.~- K! S ~ Y ! Ral h L. Sanford } Before me personally appeared p end 1 ' Ruth A. Sanford i - - his wife, to me well Rnown and known to me to be ' ind~v~duals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes s «c•e;n expressed. And the said Ruth A. Sanford `e of the ~a;a Ralph L. Sanford _ a separate and private . ~.~~,3m~nafion by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely artd volun- ';-ry ar~d w~rho~t any compulsion, cor.stra'mt, apprehens or fear of or from her said husband. WITNESS my hand end o(fic~al seat this~ day of A. b. 19~_ ~ otary Public in and for the State of yQ~ st.~ My Commission expires: ~I1550L1Z2 Return To: f:~st federat $avings 3 loan Assxiat~on 3 O I9j ~ Oc : ort P; rc•_•. ' ~ y~. l.+C!"`~`" - a ~ Fo« P._:«. ~3'~693 ~a-~~ d•~~^^~ FILED AN~ pECGRDEO ' This Instrument Prepared By : J. H. Roberts~ J~T ~~«yTY FIR. ~i ROG'c~ F~~T.R4S ~,~i First federal Savings 8 loan AssociaJion CLE~K C~ +GUtF C~URT of Fort Pierce ~ Florida 33450 RECGZ=. '+E~: Checked By~ SE~ 8 2 Q8 1 H~7Z ~ aco~ 2~s YAGi ~ 1 h~~~ k - . . - - - - - - _y ~ . _ .